By GRACE CHAILE ATTORNEY General Mulilo Kabesha has argued that Mopani Copper Mines is neither a state institution nor a parastatal. He stated that the transaction in question to Delta Mining Limited was a corporate law transaction aimed at raising capital for Mopani. In an opposing affidavit sworn by Minister of Mines and Minerals Development Paul Kabuswe, it was stated that the transaction involved the allotment of new shares. The 100 percent shares held by ZCCM-IH in Mopani, tota ling 6, 900, 000, were diluted to 49 percent after the issuance of CLICK HERE TO READ MORE
Mopani was not a major state asset – Kabesha
